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4/26/2012 10:20:00 AM Write a Letter to the Editor Write a letter to the Editor

Mullen’s First-Quarter Income Rises

Canadian transportation firm Mullen Group’s first-quarter profit rose on higher demand at its oilfield services and trucking and logistics units.

Net income rose to C$58.8 million, or 73 cents per share, from C$48.3 million, or 61 cents, a year ago. Revenue rose 24.3% to C$426 million.

Operating income rose to a record C$99.1 million, and was up 33.2% from a year ago.

Oilfield services operating income accounted for C$17.5 million of the increase, while the trucking/logistics segment added C$6.2 million.

Mullen Group is ranked No. 56 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics

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